ReconAfrica looks to Wisdom for share price salvation
Reconnaissance Energy Africa has rethought its drill plans as it attempts to recapture some of the momentum it has lost.
Reconnaissance Energy Africa has rethought its drill plans as it attempts to recapture some of the momentum it has lost.
ReconAfrica has confirmed plans for at least three test wells this year, plus a sidetrack of the 6-2 well, beginning in the second quarter.
As one of the few companies carrying out exploration in sub-Saharan Africa, Reconnaissance Energy Africa (TSXV:RECO; OTC:RECAF; FRA:0XD) is keenly aware of justifying its presence.
Reconnaissance Energy Africa is disclosing more information on its efforts, even while short sellers maintain criticism of its plans.
Reconnaissance Energy Africa has found five potential reservoir zones in the 6-2 well and made progress on seismic.
Reconnaissance Energy Africa has seen its share price fall since providing further information on its drilling results.
Reconnaissance Energy Africa has signed a joint operating agreement (JOA) with Namcor.